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20121202
20121210
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KPIX (CBS) 4
WJZ (CBS) 1
WUSA (CBS) 1
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Search Results 0 to 5 of about 6 (some duplicates have been removed)
CBS
Dec 9, 2012 5:00pm PST
entitlementes, because sooner or later, you and i are going to be old enough to qualify for medicare, and we're going to at the present time to be a good system. but we i think a little rationality is called for. >> schieffer: you're saying it's not as bad as it seems. the fact of the matter swhen the bush tax cuts run out at the end of the year, when payroll tax-- whatever they call it, runs out at the end of the year, people's taxes are going to go up. they may not be a crisis for some of the upper income folk but if you're down the line there, that's a big deal. >> and i fully believe that's going to be taken care of. but if you remember, when the clinton tax cuts-- tax rates were imposed in 1993, martin felledsteen, you know, a very substantial economist, wrote an op-ed in the "with the journal" that day predicting we were going into a deep recession pause of the tax rates. we went into a big boom. we're tingering on the edges here of a massive economy. >> schieffer: michael? >> everybody knows the conversation needs to take place. speaker boehner calling the president saying i'l
CBS
Dec 9, 2012 10:30am EST
president saying he can live with means testing medicare. he said he doesn't like it, but he can live with it. that's high on the list of things that leader macomedy has said he's got to have to have a deal. and even nancy pelosi has said, look, this is not about rates. it's about revenue. it's about getting the money we need in order to reduce these deficits. so you've got to have spending cuts and you've got to have some revenue to get this done. >> schieffer: let me ask senator simpson. the "new york times" crunched numbers for the tax inn creases for the wealthy and determined even if the rates go back up to the clinton-era rates it would only give us about a quarter of the needed revenue. so what other things can be done? what other taxes have to be raised or where do you get the money to get us to where we need to be? >> well, you go into the tax code, as i say but it's going to take too much time to do that. but there is no possibility to do this, not a single economist who talked to us in our hearings, said we can't grow our way out of this thing if we had double-digit growth
CBS
Dec 2, 2012 8:30am PST
the government much smarter about how it buys medicine for medicare beneficiaries. >> schieffer: why did you choose to basically say "we're going to stop letting congress have the ability to raise the debt ceiling." >> we are not prepared to let the threat of default on america's credit, the savings of americans, the investments of americans be held00 to the political agenda of a group of people in congress over time. as you saw last august, that was very damaging to the american people. it's not the responsible way it govern. >> schieffer: are you betting eventually the republicans will cave on the taxes? >> there's no-- there's no path to an agreement that does not involve republicans acknowledging that rates have to go up for the wealthiest americans. >> schieffer: you're saying you can't do it just by eliminating deductions and other-- >> very good question. you know, we've taken a careful look at this, and we think we should limit deduction but if you look carefully at how to do this, there is no way to raise a meaningful amount of revenue, relative to the sights of our fiscal c
CBS
Dec 3, 2012 2:00am PST
, medicare, med karkd social security, the tax code. it would be lard for me to believe we could come to kumbaya over these poornz it is part of the process. it is quite amazing the way the policy makers designed this. i absolutely agree. the uncertainty is a killer. it's weighing on business investments and hiring decisions. but on the other side, if we nail this down-- and i think we will-- we will be off and running. >> both sides use the uncertainty arguments, democrats and republicans both use it. which means it has a political smell to it, which mons it doesn't work with those politicians. the worry is uncertainty only works as a motivator of political behavior when it starts biting, when you start seeing the effect of uncertainty in a bigger way. we have different timelines here. we're talking about a sort of catastrophe of going over the cliff or not, or may be a deal that happens in the weeks after we go over the cliff. there's another option which is kind of a two-part deal. they're not really getting down to these big issues yet because negotiators think they might be
Search Results 0 to 5 of about 6 (some duplicates have been removed)